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(MMFL) Mm Forgings complete technical analysis [charts+indicators] | Buy/Sell Mm Forgings | (MMFL) share price targets

Complete technical analysis of Mm Forgings (MMFL) by charts plus indicators, forecast predictions and share price targets for Mm Forgings (MMFL)

Mm Forgings trades in NSE in Other Industrial Products sector.

Showing technical analysis as on 2024-02-13 View latest technical analysis

10 day averaged volume of Mm Forgings is 55081

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	857.90	871.25	880.60	851.00	0.655 times
12 Mon Feb 2024	866.90	900.75	914.95	860.10	0.809 times
09 Fri Feb 2024	896.25	916.75	920.35	886.00	0.612 times
08 Thu Feb 2024	916.75	920.10	944.00	910.00	1.207 times
07 Wed Feb 2024	920.15	915.55	925.00	912.55	0.973 times
06 Tue Feb 2024	913.70	920.00	923.00	909.00	0.692 times
05 Mon Feb 2024	919.00	933.50	940.00	915.00	0.877 times
02 Fri Feb 2024	929.60	924.40	934.80	920.20	3.244 times
01 Thu Feb 2024	919.65	922.40	922.40	910.05	0.352 times
31 Wed Jan 2024	919.70	919.30	934.00	915.40	0.703 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 862.1, for a target of 895.5 or 923.43

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	825.00
Downside Target	851.00
Upside Target	886.00
Upside Target	910.05
Upside Target	934.80
Upside Target	944.00
Upside Target	957.30
Upside Target	985.00
Upside Target	999.85
Upside Target	1014.60
Upside Target	1050.10

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	834.28
Downside Intraday Target	810.67
Upside Intraday Target	898.23
Upside Intraday Target	938.57
Upside Intraday Target	874.62

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	857.90	900.75	914.95	851.00	0.336 times
09 Fri Feb 2024	896.25	933.50	944.00	886.00	0.833 times
02 Fri Feb 2024	929.60	920.95	934.80	910.05	2.31 times
25 Thu Jan 2024	920.45	959.00	985.00	912.55	0.792 times
19 Fri Jan 2024	957.60	998.00	999.85	932.40	0.721 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mm Forgings (MMFL)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	857.90	922.40	944.00	851.00	0.664 times
31 Wed Jan 2024	919.70	974.90	1014.60	911.95	0.337 times
29 Fri Dec 2023	967.65	879.80	1050.10	851.25	4.258 times
30 Thu Nov 2023	877.00	869.05	957.30	855.00	1.299 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mm Forgings (MMFL)

Price action analysis of Mm Forgings ( (MMFL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mm Forgings ( (MMFL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mm Forgings ( (MMFL) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Mm Forgings stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mm Forgings in short term and the sell signal is strong.

Mm Forgings Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mm Forgings in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mm Forgings is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 912.45 and Mm Forgings (MMFL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mm Forgings (MMFL) stock. Volume based technical analysis of Mm Forgings (MMFL) stock is negative.

Mm Forgings Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.